Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription devices and drugs such as physical therapy, surgery and so on. It could also cover the loss of future earning potential.

This type of compensation is commonly referred to as "general damages." However, determining the value of these damages can be difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. They include out-of-pocket expenses as well as the loss resulting from a missed work cost for property damage, and future anticipated financial losses due to the disability or injury. Courts and juries typically calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates of vehicle repairs.

They are fairly easy to prove and are among the most immediate expenses associated with an accident. They cover medical expenses such as the first hospital stay, and accident any subsequent care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as clothing and household products. They could also include the cost of hiring someone else to do housework or drive your children to school or any other extracurricular activities.

Loss of earnings is another important aspect of economic damages. They include not just lost wages due to the fact that you were required to stay home from work because of your injuries, but be a factor in lost productivity while recovering and any vacation or sick days. In some cases you can also claim compensation for the loss of your potential earnings If your injury hinders you from returning to your former job or hinders you from earning the same amount in the future.

These costs are quite clear and measurable. However, other damages that you can claim are less clear. These non-economic damages are often more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment.

What can you prove to prove these Damages?

While some of the expenses within these categories are simple and can be proved by submitting receipts and papers Certain expenses may require expert testimony. For instance, in situations where an accident leads to an extensive spinal cord injury that renders a person partially paralyzed, it may be necessary to consult with an occupational specialist to determine the full impact of the injury. This can help the court or jury determine with certainty the full scope of financial and personal impacts will be.

The most complicated types of economic losses are those that involve future medical expenses and lost earnings. It is possible to document these expenses with the help of a medical professional's estimation of when you'll reach the point of maximum medical improvement or when your recovery is likely to end. You must prove that you are likely to suffer a future financial loss. This can be done by submitting your pay stubs or expense receipts.

Insurance companies are trying to avoid paying as much in damages as they are required to. A personal injury lawyer with experience can ensure that you get all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can help you seek the full spectrum of economic and non-economic damages after an New York car chehalis accident lawyer or other personal injury accident.